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In the short run,a negative demand shock will
British Government
The central government of the United Kingdom, responsible for creating laws, administering public services, and conducting foreign relations.
Liberty
Being unconfined by authority-imposed restrictions in society on the way one chooses to live, act, or politically align.
Stamp Act
A 1765 British law that imposed a tax on all paper documents in the American colonies, sparking widespread protest and helping to fuel the American Revolutionary movement.
Declare Independence
The act of a region or group formally stating their intention to become independent and govern themselves, often through a formal declaration.
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